Private sale

The term private sale can quite literally mean anything where jewellery is sold between both a willing buyer, and a seller. With jewellery, this term refers to a sale brokered by an unbiased valuer. The sale of this item is usually done with taxes exempt from the final price. A jewellery valuer’s position in this sale is one that is very important, as it is their expert opinion which will mean whether the sale is done or not

What happens in a private sale appraisal?

The diamond and jewellery valuer will act as the middle man between the buyer and the seller. He or she can provide an accurate value of the diamond’s worth, allowing both parties to discuss terms based on this diamond valuation. They will also:

• Certify that the diamonds have identification.
• Tell whether the item is in good condition.
• Certify that the description of the item matches the actual piece for sale.
• Check for blemishes or scratches that can affect the final price.
• Evaluate how desirable the piece is by modern market standards.

If the private sale is relating to a second hand item, it is important to keep in mind that the piece will operate under a different market. This relates to every part of the piece, apart from gold, which is held to a worldwide standard price. This is reflective of the nature of the piece being second hand, and may not necessarily mean a lower value price.

Benefits of second hand jewellery valuations

Having a private sale jewellery valuation is a great way to make sure that the sale process goes along hassle-free and promptly. It is of particular benefit for the buyer, as they will be under no illusion as to whether the item is genuine or not. Being able to verify the genuine nature of a jewellery item for private sale also helps the buyer insure the item more easily at a later date.